Axel Capital Management LLC Has $7.29 Million Stake in Constellation Brands, Inc. Class A (STZ)

Axel Capital Management LLC increased its stake in shares of Constellation Brands, Inc. Class A (NYSE:STZ) by 45.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 32,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Constellation Brands, Inc. Class A makes up approximately 6.5% of Axel Capital Management LLC’s holdings, making the stock its 3rd largest holding. Axel Capital Management LLC’s holdings in Constellation Brands, Inc. Class A were worth $7,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in STZ. Jacobi Capital Management LLC lifted its position in Constellation Brands, Inc. Class A by 103.6% during the 1st quarter. Jacobi Capital Management LLC now owns 507 shares of the company’s stock worth $116,000 after acquiring an additional 258 shares in the last quarter. Bessemer Group Inc. lifted its position in Constellation Brands, Inc. Class A by 153.1% during the 4th quarter. Bessemer Group Inc. now owns 529 shares of the company’s stock worth $121,000 after acquiring an additional 320 shares in the last quarter. Signaturefd LLC acquired a new position in Constellation Brands, Inc. Class A during the 1st quarter worth approximately $137,000. Trustcore Financial Services LLC acquired a new position in Constellation Brands, Inc. Class A during the 4th quarter worth approximately $142,000. Finally, Calton & Associates Inc. acquired a new position in Constellation Brands, Inc. Class A during the 4th quarter worth approximately $153,000. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $280.00 price target on shares of Constellation Brands, Inc. Class A in a research report on Monday, April 2nd. ValuEngine lowered Constellation Brands, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Friday, May 18th. Stifel Nicolaus upped their target price on Constellation Brands, Inc. Class A from $228.00 to $230.00 and gave the company a “hold” rating in a research report on Thursday, May 31st. Deutsche Bank upped their target price on Constellation Brands, Inc. Class A from $253.00 to $256.00 and gave the company a “buy” rating in a research report on Friday, March 23rd. Finally, Zacks Investment Research raised Constellation Brands, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Monday, March 26th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $245.86.



Shares of Constellation Brands, Inc. Class A traded up $2.95, reaching $232.18, during trading on Thursday, according to MarketBeat. The stock had a trading volume of 1,087,748 shares, compared to its average volume of 1,718,600. Constellation Brands, Inc. Class A has a one year low of $178.57 and a one year high of $236.62. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $43.27 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.06.

Constellation Brands, Inc. Class A (NYSE:STZ) last issued its quarterly earnings results on Thursday, March 29th. The company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.16. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.76 billion. Constellation Brands, Inc. Class A had a return on equity of 22.28% and a net margin of 27.85%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS. equities analysts predict that Constellation Brands, Inc. Class A will post 9.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Thursday, May 10th were paid a dividend of $0.74 per share. This is an increase from Constellation Brands, Inc. Class A’s previous quarterly dividend of $0.52. This represents a $2.96 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, May 9th. Constellation Brands, Inc. Class A’s dividend payout ratio is presently 10.67%.

In related news, Director James A. Locke III sold 6,398 shares of the company’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $230.50, for a total transaction of $1,474,739.00. Following the completion of the transaction, the director now directly owns 44,954 shares in the company, valued at approximately $10,361,897. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barry A. Fromberg sold 3,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $229.22, for a total value of $687,660.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,269 shares of company stock valued at $8,048,757. 15.80% of the stock is owned by company insiders.

About Constellation Brands, Inc. Class A

Constellation Brands, Inc, together with its subsidiaries, produces, imports, and markets beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company sells wine across various categories, including table wine, sparkling wine, and dessert wine. It offers beer primarily under the Corona Extra, Corona Light, Modelo Especial, Modelo Negra, and Pacifico brands; wine under the Black Box, Clos du Bois, Estancia, Franciscan Estate, Inniskillin, Kim Crawford, Mark West, Meiomi, Mount Veeder, Nobilo, Robert Mondavi, Ruffino, Saved, Simi, The Dreaming Tree, The Prisoner, Charles Smith, and Wild Horse brands; and sprits under the SVEDKA vodka, Black Velvet Canadian whisky, Casa Noble tequila, High West craft whisky brands.

Institutional Ownership by Quarter for Constellation Brands, Inc. Class A (NYSE:STZ)

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